Data from the National Automotive Council (NAC) presented by the United Nations Conference on Trade and Development (UNCTAD) and made available to BusinessDay shows that Nigeria spent about N6.3 trillion ($31,669million) on importation of vehicles and other motorized equipment into the country from 2009 to 2013.
Unlike successive administrations in Nigeria since Independence who have proved not to be as farsighted, the British colonial administrators knew early on the role modern transportation was going to play in promoting and sustaining the expanding market economy that colonial Nigeria was fast becoming. Indeed, when Lord Frederick Lugard, in
In the spring of 2012 I heard the buzzword “Afropreneur”, adopted by Idris Bello. It caught my eyes at first sight. Although one could deduce what it meant from its syllable, I still wanted to know what it means to Idris.
Nigeria’s insurance sector is approaching a tipping point and is rife for consolidation and growth in the coming months stakeholders in the sector say. “There are too many companies for the current size of the industry.
For Nigeria to bridge the long manpower gap caused by dearth of manpower supply especially seafarers to man Nigerian owned vessels including foreign oceangoing vessels that call Nigerian seaports, shipping companies operating in the country need to invest in the training of cadets, shipping experts have said. .
Low level of agricultural mechanisation has continued to limit the capacity of farmers to expand their cultivation areas, perform timely farming operations and achieve economies of scale in food production, Richard Hargrave, managing director at Dizengoff has said. For Nigeria to attain the level of food sufficiency,diversify its economy away
In my considered opinion, it is better to pry the loot out of the sticky fingers of the compromisers of our common patrimony than merely sending them to jail which has been the case since the time of General Murtala Muhammed of blessed memory. Muhammed ousted the government of General
Shodyreeks, a talented female artiste releases new single GOOD MORNING on Today, July 1st 2015. Shodyreeks real name SHODIYA RUKAYAT REMILEKUN is a talented artist and performer making her way to the Nigerian music industry.
Deacon Okey Ogbodo, is presently the secretary of the Enugu State chapter of the Peoples Democratic Party, PDP and was at various times Commissioner for Finance and Economic Development, Lands, Housing and Urban Development, during the administration of Chimaroke Nnamani between 1999 and 2007. In his earlier years, he was
Pinkzzy is a 20 year old young talent who goes by the name Omajuwa Awani and was discovered by his record label “Streetwize Entertainment” some years back. After a long hiatus, Pinkzzy finally drops one of his hit single titled “TURN ME ON”, which features the man of the year (MOTY),
Electricity consumers across the country who are on estimated billing are to pay lesser than their counterparts who have been provided with meters, the Nigerian Electricity Regulatory Commission has said. The Chairman of NERC, Dr.
MainOne said on Tuesday it was looking at doubling its current investment of over $300m in infrastructure to improve broadband connectivity and data centre services in West Africa in the next five years. The company stated that this was in spite of the challenges being faced in the sub region’s
Fuel queues have resurfaced in filling stations across the Federal Capital Territory as a number of the stations have stopped dispensing the product. It was not certain as of press time why some of the filling stations had stopped dispensing the product but there had been fears that the stance
A fund to cater for the construction and maintenance of roads in the country is in the works, the Federal Ministry of Works has said. The Director, Federal Highway Services in the ministry, Alhaji Shehu Dankano, said this at the inauguration of the headquarters of the National Association of Road
Athletics Federation of Nigeria (AFN) president,Solomon Ogba is in the running for one of the nine individual IAAF Council member seats when elections come up on the first day of the 50th IAAF Congress scheduled for Beijing, China on August 19-20 2015. The post Ogba, Nesiama, Wophil vie for IAAF
The immediate past Minister of Finance, Dr. Ngozi Okonjo-Iweala, on Tuesday described as “false, malicious and without foundation” the allegation by some governors that she spent the sum of $2.1bn from the Excess Crude Account without authorisation.
The Head of the Countering Violent Extremism Department in the Office of the National Security Adviser, Dr. Fatima Akilu, told President Muhammadu Buhari on Tuesday that no fewer than 22 women and girls recruited as suicide bombers by members of the Boko Haram sect are now undergoing rehabilitation under the
The Socio-Economic Rights and Accountability Project said the ECOWAS Court has entered judgment in favour of some residents of Bundu Ama, Port Harcourt, who were brutalised by security forces while protesting the demolition of their settlement by the government in 2009. According to SERAP, following the judgment of the ECOWAS